Wockhardt Q2 Results: Net loss narrows to Rs 16 crore, revenue rises 7%
Wockhardt on Wednesday reported a net loss of Rs 16 crore in Q2FY25 led by improved performance across UK, India and emerging markets.
The Mumbai-based drug maker reported a net loss of Rs 73 crore in Q2FY24.
Revenue rose 7% year-on-year (y-o-y) to Rs.818 crore in Q2FY25 compared to Rs.762 crore in Q2FY24.
Shares of Wockhardt rose 0.73% to close at Rs 1190.15 on BSE, while the benchmark Sensex declined 1.25% to end at 77,690.95 points on Wednesday.
The EBITDA for the quarter is Rs.139 crore registering a growth of 71% y-o-y, while the EBITDA margins improved 630 basis points to 17%.
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